Westamerica Bancorporation (NASDAQ:WABC) Posts Earnings Results

Westamerica Bancorporation (NASDAQ:WABC) released its quarterly earnings results on Thursday. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19, RTT News reports. Westamerica Bancorporation had a return on equity of 17.67% and a net margin of 45.73%. During the same quarter in the prior year, the firm posted $1.48 earnings per share.

Westamerica Bancorporation Price Performance

NASDAQ WABC opened at $51.36 on Friday. The stock has a 50-day simple moving average of $54.58 and a 200 day simple moving average of $52.10. Westamerica Bancorporation has a twelve month low of $43.82 and a twelve month high of $59.97. The stock has a market capitalization of $1.37 billion, a PE ratio of 9.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 0.26.

Westamerica Bancorporation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, November 4th. Westamerica Bancorporation’s dividend payout ratio is currently 32.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Westamerica Bancorporation from a “sell” rating to a “hold” rating in a report on Thursday, October 17th.

Westamerica Bancorporation Company Profile

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit.